MAIDAN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAIDAN
Largest movements
- Cash -€8,317
down €8,317 (-27.0%), from €30,783 to €22,466
mainly Other debts (-€6,478) and Receivables within one year (-€6,131)
- Tangible fixed assets -€6,646
down €6,646 (-25.0%), from €26,584 to €19,938
- Receivables within one year +€6,131
up €6,131 (+60.6%), from €10,124 to €16,256
of which Other amounts receivable: +€5,023
- Other debts -€6,478
no longer reported in 2025 (was €6,478)
- Trade debts -€5,999
down €5,999 (-86.9%), from €6,901 to €902
- Profit (loss) carried forward +€3,646
up €3,646 (+6.8%), from €54,002 to €57,648
- Taxes -€5,874
down €5,874 (-71.7%), from €8,198 to €2,324
- Other operating charges +€208
up €208 (+14.2%), from €1,466 to €1,674
- Gross operating margin +€184
up €184 (+1.3%), from €14,223 to €14,407
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,491 | €58,660 | -€8,832 | -13.1% |
| Fixed assets | 21/28 | €26,584 | €19,938 | -€6,646 | -25.0% |
| Tangible fixed assets | 22/27 | €26,584 | €19,938 | -€6,646 | -25.0% |
| Furniture and vehicles | 24 | €26,584 | €19,938 | -€6,646 | -25.0% |
| Current assets | 29/58 | €40,907 | €38,722 | -€2,186 | -5.3% |
| Amounts receivable within one year | 40/41 | €10,124 | €16,256 | +€6,131 | +60.6% |
| Trade receivables | 40 | €6,756 | €7,864 | +€1,108 | +16.4% |
| Other amounts receivable | 41 | €3,369 | €8,392 | +€5,023 | +149% |
| Cash at bank and in hand | 54/58 | €30,783 | €22,466 | -€8,317 | -27.0% |
| Total equity and liabilities | 10/49 | €67,491 | €58,660 | -€8,832 | -13.1% |
| Equity | 10/15 | €54,112 | €57,758 | +€3,646 | +6.7% |
| Contributions | 10/11 | €110 | €110 | = | 0.0% |
| Contributions outside capital | 11 | €110 | €110 | = | 0.0% |
| Other | 1109/19 | €110 | €110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,002 | €57,648 | +€3,646 | +6.8% |
| Amounts payable | 17/49 | €13,379 | €902 | -€12,477 | -93.3% |
| Amounts payable within one year | 42/48 | €13,379 | €902 | -€12,477 | -93.3% |
| Trade debts | 44 | €6,901 | €902 | -€5,999 | -86.9% |
| Suppliers | 440/4 | €6,901 | €902 | -€5,999 | -86.9% |
| Other amounts payable | 47/48 | €6,478 | - | -€6,478 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,646 | €6,646 | = | 0.0% |
| Other operating charges | 640/8 | €1,466 | €1,674 | +€208 | +14.2% |
| Gross operating margin | 9900 | €14,223 | €14,407 | +€184 | +1.3% |
| Operating profit (loss) | 9901 | €6,111 | €6,087 | -€24 | -0.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €128 | €117 | -€11 | -8.6% |
| Recurring financial charges | 65 | €128 | €117 | -€11 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €5,982 | €5,969 | -€13 | -0.2% |
| Income taxes | 67/77 | €8,198 | €2,324 | -€5,874 | -71.7% |
| Profit (loss) for the period | 9904 | -€2,216 | €3,646 | +€5,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,216 | €3,646 | +€5,862 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.